90
90
Jul 5, 2011
07/11
by
CSPAN2
tv
eye 90
favorite 0
quote 0
forgotten already -- the banking sector continues to dominate our attention and the headlines, this morning we're reading about the new capital surcharges in banks in basel switzerland. the volcker rule arguments between jamie diamond and ben bernanke dominate the gossips columns such as they are in the financial papers. [laughter] >> you would be forgiving thinking about the is the aftermath of the banking crisis. the crisis of the nonbanks. it began in 2007, remember. the signal event was announced by hsbc the bank but the problem hcbs was in its nonbank which was known as household finance a leading subprime lender and those problems then tended to propagate from there. they essentially started in the darkest least regulated parts of the financial system and chewed their way up like a disease that eventually -- or a flood that eventually attacked the ram parts of the strongest building so we worked our way through banks like new century and worked on commercial paper and then monoline insurers. finally we brought down bear stearns and the lehman brothers. it's only then like the citigrou
forgotten already -- the banking sector continues to dominate our attention and the headlines, this morning we're reading about the new capital surcharges in banks in basel switzerland. the volcker rule arguments between jamie diamond and ben bernanke dominate the gossips columns such as they are in the financial papers. [laughter] >> you would be forgiving thinking about the is the aftermath of the banking crisis. the crisis of the nonbanks. it began in 2007, remember. the signal event...
56
56
Jul 5, 2011
07/11
by
CSPAN2
tv
eye 56
favorite 0
quote 0
it was untimely, taking 22 months to complete. in addition, there were unresolved issues about the waiver document. did the document who signed -- did the official who signed the waiver know that the document would have been alleged contained false and misleading information? and was he questioned about his truthfulness? if so, the report should have been recommended that he be held accountable. to summarize, mr. president, there are two main problems with these four reports on savings and collections, and the fourth one i'm not going to go into now to save time, and i'll put that in the record. none was timely, number one. number two, reported savings were unverified and elusive. first, these four reports took an average of 19 months to complete. two took a total of 45 months or almost four years to finish, and that does not include the 4-6 months it takes to get an audit rolling. as i have said on other occasions, the power of top-quality audit work is greatly weakened by stale information. second, these four reports supposedly
it was untimely, taking 22 months to complete. in addition, there were unresolved issues about the waiver document. did the document who signed -- did the official who signed the waiver know that the document would have been alleged contained false and misleading information? and was he questioned about his truthfulness? if so, the report should have been recommended that he be held accountable. to summarize, mr. president, there are two main problems with these four reports on savings and...
68
68
Jul 25, 2011
07/11
by
CSPAN2
tv
eye 68
favorite 0
quote 0
and what would that do to that pakistan is if your utility rates were two or three times higher than surrounding communities, which you could envision happening with this? we will continue to work on this and hopefully make some progress on it. i want to ask about housing. i know that we've got 1500 people that are still on the list for housing in joplin or and i know that you all have done so much in missouri after the disasters. can you update the committee on the efforts for the 1500s that are still on the waiting list for housing? and what are the hangups two months is a longtime and what do we need to do to make sure we cleared that waiting list? >> one of the things we're doing is working as a state led housing task force. one thing we don't want to do is come in and safety the, tell job of this the housing need. we are working to see what their needs are and then what we can provide. we don't want to come in and say you need x, y and z. we want to make sure we are meeting their needs. that's probably one of the first thinker but a first things we do isn't look for rental assis
and what would that do to that pakistan is if your utility rates were two or three times higher than surrounding communities, which you could envision happening with this? we will continue to work on this and hopefully make some progress on it. i want to ask about housing. i know that we've got 1500 people that are still on the list for housing in joplin or and i know that you all have done so much in missouri after the disasters. can you update the committee on the efforts for the 1500s that...
60
60
Jul 29, 2011
07/11
by
CSPAN2
tv
eye 60
favorite 0
quote 0
administration, with secretary gates, and nato in very essential and crucial issues against pakistan, libya, against piracy, the fight against national terrorism, and in the recent weeks, last five weeks as minister of finance i find myself in the battlefield of debt, deficit and economic growth. in his last five weeks, i've had the opportunity to really seal -- see the positives. the state of the eurozone sign july 21, and active participation of the private sector of this involvement, and addressing the problem of the greek population come is giving new momentum. [inaudible] inside and outside greece. i'm referring to greeks of diaspora, the greeks of american and the greek civil community which is the largest in the world. together, we will succeed in rebuilding our country, restoring its fiscal independence and achieving the competitive position in the international market. we can do this and we will do this. challenge for the primacy, the government and for me, the minister of finance. but by and large, it is a challenge for the greek people, a proud people with me skills. thank
administration, with secretary gates, and nato in very essential and crucial issues against pakistan, libya, against piracy, the fight against national terrorism, and in the recent weeks, last five weeks as minister of finance i find myself in the battlefield of debt, deficit and economic growth. in his last five weeks, i've had the opportunity to really seal -- see the positives. the state of the eurozone sign july 21, and active participation of the private sector of this involvement, and...
122
122
Jul 19, 2011
07/11
by
CSPAN2
tv
eye 122
favorite 0
quote 0
guest: the president said he wanted deal by july 22. i would putut my money
guest: the president said he wanted deal by july 22. i would putut my money
75
75
Jul 7, 2011
07/11
by
CSPAN2
tv
eye 75
favorite 0
quote 0
they passed the motion to limit the debate, 74-22. after the vote, senate democratic leader harry reid announced no more votes in the senate. arizona republican said the senate gave up a week long 4th of july recess to work on debt ceiling and isn't accomplishing anything. we begin with kay hutchinson who opposes any tax relief. >> senate hutchinson, i was wondering the view that we've been terribly over worked this week. i understand that we canceled our 4th of july recess in order to get back here and get to work and do the people's business. is it correct that was the second vote that we have taken. one was being instruction of the sergeant in arms and this one another highly controversial issue that was taken up. so i guess my question, senator from texas, has this week been a worthwhile expenditure of the taxpayers dollar? >> well, i would respond to the distinguishes senator from arizona that the resolution that was just passed was to go to a sense of the senate resolution which, of course, has no force of law. and it is, indeed
they passed the motion to limit the debate, 74-22. after the vote, senate democratic leader harry reid announced no more votes in the senate. arizona republican said the senate gave up a week long 4th of july recess to work on debt ceiling and isn't accomplishing anything. we begin with kay hutchinson who opposes any tax relief. >> senate hutchinson, i was wondering the view that we've been terribly over worked this week. i understand that we canceled our 4th of july recess in order to...
63
63
Jul 18, 2011
07/11
by
CSPAN2
tv
eye 63
favorite 0
quote 0
the united states is down here at number 22, again below japan. i mention japan because under this tip system, japan got a tier 2 rating. nigeria is over here tied for 134th. this is not meant to be critical of the attempts of the nigerian governmental system to fix their problems. but, clearly, if we were evaluating these countries among each other, rather than by this very confusing standard, you wouldn't be seeing singapore with a tier 2-watch list category and nigeria ha as a nur one. so i have a simple amendment, i think a very important amendment to the legislation when it comes forward, and it basically will require the state department to categorize countries, first of all, as either in compliance or not, with our legislation, and then rank countries on a single scale rather than by year-to-year progress against themselves, and to eliminate the special watch list category. it maintains all the other existing criteria that we have used in terms of examining whether or not trafficking in persons is being addressed in these difference countri
the united states is down here at number 22, again below japan. i mention japan because under this tip system, japan got a tier 2 rating. nigeria is over here tied for 134th. this is not meant to be critical of the attempts of the nigerian governmental system to fix their problems. but, clearly, if we were evaluating these countries among each other, rather than by this very confusing standard, you wouldn't be seeing singapore with a tier 2-watch list category and nigeria ha as a nur one. so i...